Rohit Gupta

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Staff Working Papers

Searching for the Liquidity Effect in Canada

Staff Working Paper 1994-12 Ben Fung, Rohit Gupta
This paper examines the empirical evidence of the liquidity effect in Canada. In the presence of the liquidity effect, the initial impact of an unanticipated expansionary monetary policy is to lower nominal and real interest rates for a short period of time.

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